‘AI is on trial’: Bond yields sink below 5% as investors look for safety

Onity Group’s servicing and lending businesses benefited in the second quarter from higher rates and seasonal homebuying, respectively, but the company reported a loss on nonrecurring negative fair value changes and portfolio restructuring. Processing Content The company recorded a $13 million net loss to common shareholders but taking out those negative items had adjusted pre-tax…

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Cheyne Capital has closed its ninth real estate lending programme with £3bn raised across the commingled fund and adjacent vehicles. CRE Herald Market analysis, deal insights, and sector research trusted by fund managers, asset managers, and senior executives. Subscribe Now Login To Unlock The Content!   …

A former Democratic congressman will serve as vice president of wholesale banking at Truist Financial; Bank of America’s $72.5 million settlement with sex trafficking victims of the late financier Jeffrey Epstein is approved by a New York federal judge; HDFC plans to challenge the bankruptcy resolution involving a personal guarantee by media tycoon Subhash Chandra;…

Key insights: Mastercard has rolled out advanced B2B analytics, which allows the card network to ingest accounts payable data from a business and present it back to that business to make working capital more efficient.  What’s at stake: AI is being embedded in every corner of the payments ecosystem, including supplier payments, which is one…